A Beginners Guide to Betting on Horse Racing
+ BETTING 101
- Decide how much you want to bet The minimum “basic” bet is $2 but you can bet more.
- Pick your horse Have some fun with it, pick your horse based on name, number or colour. If you’re a little more serious about your pick, a race program is available to give you information on every horse and for every race being held. From this you can base your pick on a jockey or driver’s record or the horse’s past performance.
- Pick your basic bet WIN: Your horse must finish first PLACE: Your horse must finish first or second SHOW: Your horse must finish first, second or third
- Placing your bet Once you’ve decided on the dollar amount, horse and bet type, you’re ready to place your bet. You can bet at the betting window or at a self-serve terminal.
At the Betting Window:
Racetrack Name: Hastings Racecourse Race Number: Race #1 Bet Amount: $2 Horse Number: #7 Bet Type: Win
Put it all together and say: “Hastings, race 1, two dollars on number 7 to win.”
At a Self-Serve Terminal:
Follow the step-by-step directions at the terminal. Be sure to check your ticket to confirm it’s the bet you want!
AFTER THE RACE
When the race is “official” take your ticket and check it against the official results to see if your ticket is a winner.
PLAYING THE ODDS
The Favorite: The more favored a horse is by bettors, the lower the odds and the lower the payout. The Longshot: Less popular horses have higher odds and a higher payout.
Odds are the numbers appearing beside the horse’s number, they are displayed on the TV monitors around the track, on the in-field board or within the racing browser on the website.
An example of how a $2 bet pays out at various odds:
Once you’ve mastered the basic bet you’re ready to try exotic bets and boxed exotic bets for the chance to win more money
+ EXOTIC BETS
Exotic bets are similar to making a basic bet, but a lot more fun with the chance for bigger payouts!
Payouts are determined by how much money is bet into each of the pools, so watch for payouts of these exciting bets on the TV screens as soon as the race is declared “official.”
Pick the top 2 finishers in a race in the exact finish order.
$2 Exacta – horse numbers 1,2 = Cost $2
Pick the top 3 finishers in a race in the exact finish order.
$2 Trifecta – horse numbers 1, 2, 3 = Cost $2
Pick the top 4 finishers in a race in the exact finish order.
$1 Superfecta – horse numbers 1, 2, 3, 4 = Cost $1
Pick the winners of two consecutive races.
$2 Daily Double – horse numbers 1, 1 = Cost $2
Pick the winners of 3 consecutive races.
$1 Pick 3 – horse numbers 1, 1, 1 = Cost $1
Pick the winners of 4 consecutive races
$1 Pick 4 – horse numbers 1, 1, 1, 1 = Cost $1
+ BOXED EXOTIC BETS
When you “box” an exotic bet your scheduled finishers can finish in any order. With a typical exotic bet you must identify the exact order the horses will finish in order to win.
Pick the top 2 finishers in a race. They can finish in any order within the top two positions $1 Exacta Box – horse numbers 1, 2 = Cost $2
Pick the top 3 finishers in a race. They can finish in any order within the top three positions. $1 Trifecta Box – horse numbers 1, 2, 3 = Cost $6
Pick the top 4 finishers in a race.
They can finish in any order with the top four positions. $1 Superfecta Box – horse numbers 1, 2, 3, 4 = Cost $24
When you bet on horse racing, you should always keep the following statistics in mind:
Favorites WIN only 32% of the time.
Favorites PLACE (come in first or second) only 53% of the time.
Favorites SHOW (come in first, second or third) only 67% of the time.
These tips are intended as a guide only. These tips are based on historical results and do not represent actual or implied future performance.
You must be at least 18 years of age to bet.